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Raiffeisen Bank International | Sustainability Report 2018
Management Overview Foreword
of sustainability
Responsible
banker
Fair partner –
Human Resources
Fair partner –
Inhouse ecology
Engaged
citizen
GRI index and
Assurance report
Economic Footprint® in Austria
Raiffeisen Bank International AG and its Austrian subsidiaries and equity participations (referred to in this section
as “RBI AT” for short) are extremely relevant to the Austrian economy. This is illustrated by the calculation of the
Economic Footprint® (a registered trademark of the Economica/Cognion research association) for 2017, which
was conducted in cooperation with the economic research institute Economica.
The analysis included data from RBI AG, Raiffeisen Kapitalanlage-Gesellschaft mbH, Raiffeisen Bausparkasse
Gesellschaft m.b.H., Raiffeisen-Leasing GmbH, Valida Vorsorge Management, Raiffeisen Centrobank AG,
Kathrein Privatbank AG and RSC Raiffeisen Service Center GmbH (for details see RBI’s 2017 Annual Report,
page 200 et seq.)
The aim of the analysis, which was performed in summer 2018, was to calculate the Austria-wide footprint
attributable to RBI AT. In other words, it took into account not only the direct economic contributions resulting from
RBI AT’s operating activities, but also the effects in the upstream and downstream value-added chain (indirect
and induced effects). The Austria-wide relevance of RBI AT in terms of its direct, indirect and induced value-added
and employment contribution was also investigated. Finally, RBI AT’s fiscal contribution was evaluated, with the
relevant taxes and duties being determined both in absolute terms and in relation to the total taxes and duties in
the respective categories.
The key results at a glance: At € 1,810.2 million, the gross value added generated by RBI AT is
comparable to that of the iron and steel production sector. One in every 273 euros generated
in Austria can be attributed to RBI AT as a result of direct, indirect or induced effects. One in every
331 jobs in Austria is directly or indirectly attributable to RBI AT. Direct, indirect and induced about
11,000 jobs are secured – as many as the city Zwettl in Lower Austria has residents. RBI AT paid taxes and duties
of € 551.1 million in Austria.
Economic performance in Austria
The Austria-wide contribution by RBI AT in terms of gross value added and employment is quantified below using
a multi-regional input-output analysis. A distinction is made between three different types of effect:
• The direct value-added/employment effect: This encompasses the gross value added and employment
generated directly by RBI AT.
• The indirect value-added/employment effects derived from supplier relationships (intermediate input) along
the entire value chain (e.g. a bank needs electricity, office supplies, cleaning, etc. – this serves to stimulate final
demand in the electricity sector, retail and business services).
• The induced effects resulting from the application of income: The jobs that are created or secured directly or
indirectly serve to generate income that enables increased consumption of goods and services compared with
the situation if those jobs did not exist. This additional income is spent by employees, primarily for consumer
and investment purposes. This serves to stimulate final demand in retail and gastronomy in particular.